Countries around the world are facing high inflation driven by President Putin’s illegal war, so families around the UK need support with these financial pressures.
This is why the Conservative Government has been supporting households with record financial support worth £94 billion, and now it has announced the dates for vulnerable and low-income households in Loughborough to receive their next Cost of Living payments worth £300.
The Conservative Government is working to deliver on the Prime Minister’s priority to halve inflation by the end of the year, while also providing targeted support with the cost of living in the meantime.
Jane Hunt MP has welcomed that the next cost of living payment, worth £300 for 9,800 vulnerable and low-income households in Loughborough, will be made between 31 October and 19 November 2023.
This is the second of three payments totalling up to £900 for those eligible and on means-tested benefits, such as Universal Credit, Pension Credit, or tax credits, in 2023-24, and will help families affected by global inflation caused by President Putin’s illegal war in Ukraine and the aftermath of the Covid-19 pandemic.
Details about the third cost of living payment will be announced in due course.
The £300 Cost of Living Payment will be sent out automatically and directly to eligible households, so there is no need to apply. Eligible pensioner households will also receive a further £300 payment later this year as an addition to the Winter Fuel Payment.
The Conservative Government is supporting people in Loughborough with the cost of living right now, whilst working to deliver on its priorities to halve inflation, grow the economy, reduce debt, cut waiting lists and stop the boats.
Commenting, Jane Hunt MP said:
“I will continue to do everything that I can to support households across Loughborough with global inflation caused by President Putin’s illegal war in Ukraine and the aftermath of the Covid-19 pandemic.
“The record levels of financial support over the past year and a half have already supported families across Loughborough, and this latest £300 Cost of Living Payment for 9,800 eligible households will make a huge difference to our most vulnerable and those on the lowest incomes this autumn.